Tariff deal talks to dominate IMF-World Bank meetings this week
- The Spring Meetings of the International Monetary Fund and the World Bank will occur in Washington amid uncertainties over global trade due to the Donald Trump administration’s trade policies.
- Donald Trump announced a 134 percent tax on Chinese imports, and China retaliated with a 125 percent levy on U.S. goods, escalating the tariff war.
- The IMF's managing director, Kristalina Georgieva, warned that the trade tariff policy poses 'a significant risk to the global outlook.'
- A former Nigerian finance minister, Ngozi Okonjo-Iweala, cautioned that U.S. tariffs could lead to a 1 percent contraction in global merchandise trade volumes this year.
23 Articles
23 Articles
5.1 million additional jobs in Philippines doable by 2040—World Bank
The World Bank believes that an additional 5.1 million jobs can be created in the Philippines during the next 15 years if the country fast-tracks reforms conducive to labor market growth and enhancement.In an April 18 brief, the Washington-based multilateral lender said that an upcoming Country Growth and Jobs Report (CGJR) on the Philippines analyzed existing barriers to faster creation of better-quality jobs in the country.According to the Wor…
This week the annual spring meetings of the International Monetary Fund (IMF) and the World Bank (WB) will be held in Washington, DC. While these meetings and the events that arise from them are always relevant, I believe that on this occasion they will be more relevant, so the economy is experiencing at a global level. The three major issues will be the meaning and consequences of: (1) The US President's tariff policy; (2) the attack against th…
Sydney Morning Herald
Trump’s trade war could blow up the IMF and World Bank
Meetings of two of the world’s key multilateral organisations in Washington this week will be overshadowed by the prospect that the US will withdraw from the institutions it helped create.
The new leadership of the central bank is committed to achieving and maintaining price stability, while improving the efficiency and practical use of the central bank's work, stated Mihály Varga at the meeting of the Large Enterprises Club of the Budapest Chamber of Commerce and Industry. The central bank governor also spoke about the potential impact of global economic risks on the growth of the Hungarian economy.
World Bank, IMF meetings hold amid uncertainty over multilateralism, US-China tariff war
PREMIUM TIMES’ Business Editor, Oladeinde Olawoyin, is in the United States’ capital to report details of these developments and many more. The post World Bank, IMF meetings hold amid uncertainty over multilateralism, US-China tariff war appeared first on Premium Times Nigeria.
Tariff talks to dominate IMF-World Bank meetings
Finance ministers are poised to use this week’s International Monetary Fund (IMF) and World Bank’s gathering to strike up trade deals with bilateral partners as uncertainty continues to swirl around Donald Trump’s tariff plan. Senior politicians and economic heavyweights are flocking to Washington for the biannual gathering put on by the two global agencies, with subjects like global debt and deficits, financial stability and ageing economies al…
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